The Nordic magnetic resonance imaging (MRI) systems market size is expected to reach US$ 341.6 million by 2031 from US$ 219.5 million in 2024. The market is estimated to record a CAGR of 6.5% from 2025 to 2031.
The Nordic MRI market is mature and technologically advanced, driven by high healthcare expenditure and well-established universal healthcare systems. Countries like Sweden, Denmark, and Norway prioritize diagnostic imaging for early disease detection, particularly for the aging population and rising prevalence of chronic conditions like neurological and cardiovascular diseases.
Growth is fueled by the adoption of cutting-edge technologies like high-field MRI systems and AI-powered software, which reduce scan times and enhance image quality. While the region benefits from a robust healthcare infrastructure, challenges include the high cost of equipment and a need for continued investment in research and development to maintain technological leadership and address staffing shortages.
Nordic Magnetic Resonance Imaging (MRI) Systems Market Segmentation Analysis:
Key segments that contributed to the derivation of the magnetic resonance imaging (MRI) systems market analysis are type, field strength, mobility, application, and end user.
The Nordic MRI market is defined by steady replacement demand, with hospitals upgrading older units to high-field and digital MRI platforms that offer improved image quality, faster scan times, and enhanced patient comfort. A key driver is the region’s leadership in digital health, where MRI is integrated with electronic health records, AI-driven diagnostic support, and national teleradiology networks to ensure equitable access, even in remote areas. Sustainability is another priority, with healthcare systems actively seeking energy-efficient and low-helium MRI systems to align with climate goals. Strong reimbursement models and public funding provide stability, while collaborations with global OEMs ensure early access to innovation.
Based on country, the Nordic magnetic resonance imaging (MRI) systems market is segmented into Sweden, Norway, Denmark, and Finland. Sweden held the largest share in 2024.
The MRI system market in Sweden is both highly mature and technologically advanced. The market is propelled by a universal healthcare model and substantial public funding for medical equipment. A significant driver is the growing prevalence of lifestyle-related diseases and the need for high-quality diagnostic imaging. The market benefits from a strong culture of innovation, with an increasing focus on portable and high-field MRI systems to meet diverse clinical needs, from mobile units for rural areas to cutting-edge systems for research. Sweden's commitment to the digitalization of healthcare and a focus on value-based care are also shaping the market, with an emphasis on acquiring systems that offer long-term efficiency and superior patient outcomes.
Nordic Magnetic Resonance Imaging (MRI) Systems Market Company Profiles
GE HealthCare, Siemens Healthineers AG, FUJIFILM Holdings Corporation, Canon Inc., Koninklijke Philips N.V., HYPERFINE, INC., Esaote SPA, Shanghai United Imaging Healthcare Co., LTD, FONAR Corp., and Neusoft Medical Systems are among the key players operating in the market. These players adopt strategies such as expansion, product innovation, and mergers and acquisitions to stay competitive in the market and offer innovative products to their consumers.
The following methodology has been followed for the collection and analysis of data presented in this report:
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Note: All financial data included in the Company Profiles section has been standardized to US$. For companies reporting in other currencies, figures have been converted to US$ using the relevant exchange rates for the corresponding year.
Business Market Insights conducts a significant number of primary interviews each year with industry stakeholders and experts to validate and analyze the data and gain valuable insights. These research interviews are designed to:
Primary research is conducted via email interactions and telephone interviews with industry experts across various markets, categories, segments, and sub-segments in different regions. Participants typically include: